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Search Results 0 to 31 of about 32 (some duplicates have been removed)
. if you don't believe me, look at the numbers that just came out in the growth of our economy. 1.3% verses russia at 4%. china at 7% to 8%. we're at 1.3%. this is unacceptable. it is not working. i know what it takes to get us working. he's put us on a road to europe. europe doesn't work in europe. i want to get us back to being america where people come here, build enterprises here. we fulfill american dreams. we keep the hope alive in america. [ cheers and applause ] and this matters. you know this matters. this counts. it counts for the 23 million people struggling to get a job, getting a better job today. it counts for the young peoe. today we wonder whether that's true. the majority of americans don't think that's the case. this matters. there's one more sense in which it matters. that's what i began with, and that is our military capability. our ability to defend our liberty and the liberty of our friends around the world, with whom we trade and with whom we trade and whose prosperity depends on our trade. i was in poland and got the chance to meet a hero. i came in and he said, mr.
: nicole thank you. dagen: take a look at this. the u.s. economy growing at a very weak 1.3% in the second quarter, revised down from 1.7%. that is, well, lousy. connell: deputy editor at the "wall street journal"'s editorial page is here to tell us it's always the economy, stupid, at least that was your column? >> that's right. and any presidential election one way or another it is going to be about the economy, no matter how hard the candidates try to deny that. the most amazing one perhaps of all time is indeed the incumbent obama who is running as though the economy during his term didn't happen or at least if it happened, it was the fault of somebody who was president four years before him and what he wants to talk about is the economy he's going to create starting in january 13 which will consist of people having green jobs, making windmills and solar panels. i think the american voters are probably getting a little bit frustrated that no one will talk about the economy as it exists right now, dropping to 1.3% in the second quarter. the united states economy is barely, barely moving.
in advertising revenue. this is due to the internet and sluggish u.s. economy. the firm has been taking various streamlining measures that include cutting 2,000,000 jo jo. 10% of the work force. despite actions, the company posted a loss in first time in four quarters. "the new york times" decided to appoint bbc general director as its new top executive. he is nonto have improved the web services of the bbc is is expected to bolster the newspaper company's online businesses. >>> british bankers association says it is willing to give up control over the libor bank rate. as it looks to prevent further rate rigging scandals. the association says libor is based on interest rates charged between banks in the london market. in june, major british bank, barclays was fined for manipulating libor through false reporting. a staement released tuesday indicating they would transfer libor related to a public body. by making the announcement, the association is seen as trying to ease criticism about the way the rate has been handled over a quarter century. and the british government plans to publish a final
-oriented economy. japan began sending aid and loaned over the years. the japanese prime minister had inflamed tensions after he took office in 2001 with annual business to the shrine in tokyo that honored the war dead and war criminals. china's economy grew year after year. members of the olympic committee underscored the emergence when they named beijing host of the summer games. two years later, china passed japan to be the world's second largest economy. a chinese fishing collided with japanese patrol vessels in thes en kaku islands. the collision parked widespread protests and angered many japanese. a recent survey suggests animosities are running high. the poll put anti-chinese sentiment at 84%, a record high. 65% of chinese respondents expressed negative views of japan. >> those figures suggest they will be challenged to mend relations, but an expert said it may not be as difficult size it appears. >> japan and chiba have been close are than before. we have thousands of years of relationships, but now is the best in a sense that economic exchange and people to people exchange and the le
calling for higher taxes on the rich and new spending plans and it comes as we find out the economy's slowing, and someone here says the economic patriotism will only cause this number to keep growing. and take the economy down for good. are they right? hi, everyone, i'm brenda buttner, this is bulls and bears, here are the bulls and bears, gary b smith, tobin smith. jonas max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the o
's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion worth of tax increases. $10 billion worth of spending cuts gives you a 30 billion euro reduction they think in the budget deficit. bill: well on the spending cuts, how much resistance was there? >> there is going to be a lot of resistance. in france there is really a cradle to grave security system and the state is at the very center of the economy. when the state starts cutting into to spending, cutting down on spending, there will be some resistance and it will be seen on the streets. bill: do you expect the wealth
. this is for that reason. their economy will suffer a double little bit. they need crude-oil. people driving cars over there show the market coming of the way it did. those cracks blew out today. refinery fire in canada turned out to the storage tank. if you look at the cracks between the prices of crude oil versus gasoline that made a tremendous move today and there are other factors. may be a blip in that market but those cracks have been strong going forward so you will see strength in the product versus crude even if the crude comes -- will move out. cheryl: one other issue. talking about the election and november around the corner. do you find people sort of have true conversations about investment decisions at the end of the year? >> absolutely and people will be more concerned about that in october. the first of three presidential debates was the vice-presidential debate. people are disgusted with the lack of movement in washington concerning the fiscal cliff so part of the problem, the apathy in the market is people don't know where to go. very unclear and the light at the end of the tunnel is
: the message of the day was not only that he can fix the economy, it's that he can feel it. >> there are so many in our country that are hurting right now. i want to help them. i know what it takes to get an economy going again and creating jobs. >> reporter: the straight from the heart appeal is echoed in a new ad that shows romney looking directly into the camera. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> reporter: translation, pay no attention to the man in that hidden camera video. >> the 47% who are with him, who are dependent on government very much -- >> reporter: but for romney when it rains it pours. his two-day under steady showers has a feel of a race against time. a new poll quinnipiac finds romney trailing the president by ten points in ohio, nine points in florida and 12 in pennsylvania. an abc "the washington post" poll may explain why. 54% said they had an unfavorable view of romney's comments on voters who don't pay taxes. romney told cnn he's not worried about the numbers. >>
of the day was not only that he can fix the economy, it's that he can feel it. >> there are so many in our country that are hurting right now. i want to help them. i know what it takes to get an economy going again and creating jobs. >> reporter: the straight from the heart appeal is echoed in a new ad that shows romney looking directly into the camera. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> reporter: translation, pay no attention to the man in that hidden camera video. >> the 47% who are with him, who are dependent on government very much -- >> reporter: but for romney when it rains it pours. his two-day under steady showers has a feel of a race against time. a new poll quinnipiac finds romney trailing the president by ten points in ohio, nine points in florida and 12 in pennsylvania. an abc "the washington post" poll may explain why. 54% said they had an unfavorable view of romney's comments on voters who don't pay taxes. romney told cnn he's not worried about the numbers. >> we're taking
. >>> consumer spending making up 70% of the u.s. economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively before he took the stage at the event. now, 700 of the total 1100
hunt at the u.n.. martha: take a look at the u.s. economy this morning. there is a new report that has some not very good news on this. families are seeing a lot less money in their paychecks according to this new report. it finds the median household income fell by 1.1% to under $51,000 last month. you take a look at the chart on this since 2009 and it is not a pretty picture. it is a significant drop since the president came into office. stuart varney joins me now. he is the host of "varney & company" on the fox business network. stuart, good morning. that's a tough chart. >> yes, it is a tough chart. it paints a picture of real distress in middle america. buying power down, our standard of living falling and hardship, hardship right there in the middle of america is actually give gettingous. -- getting worse. let me give you key number. from the start of the obama administration the median household income in america has fallen, repeat, fallen, down around $4,000. we've not seen this kind of decline over a long period of time, three, four years, we have not seen this before. if you
the fallout of the crisis threatens the u.s. economy on your 401k. amy kellogg joins us from london with more. >> reporter: it affects your 401k was the markets of course are corelated and the markets in europe are down. also the s&p derives a significance portion of its earnings from european then american companies have operations overseas that make money in europe, therefore if the economy here is in a bad way that hurts americans. there was this big strike in greece today that got violent when some black-hooded anarchists kind of took advantage of the situation, throwing gasoline bombs at police. they used a general strike and march as a vehicle to just rage against authority. over 50,000 people came out. they are processing the further cuts that are coming their way . many in greece are generally desperate now having seen their salaries drop by more than 20% already since austerity became a way of life in greece. social safety networks are not able to save people. one person at the demonstration was quoted as saying, we are bleeding, we can't take it any more. the new conservative-led co
and they can't do anything other than use the central government to force the economy to do x and y. and they're trying to get away from that. as they move away from it, that part of the economy clearly shows some struggles. >> short the aussie dollar, what, long the mexican peso? >> mexico is one of the big winners because they're deliberately raising wages. so low value added chinese manufacturing is nowhere near as competitive in the world as it once was. you see evidence of the u.s. getting some of it back. so mexico sort of had its breakfast, lunch and dinner the past 20 years by china appearing on the scene is probably in the early stages of regaining some of that a. so i think mexico is a big winner. southeast asia, philippines, for example. >> all right. jim, stick around. more to come from you. let's get over to asia and get a wrap of the day over there. >> thanks, ross. asian markets were mostly higher buoyed by improved data in u.s. and europe and also the rba rate cut. surprising move from the central bank helped the australian market end at a five month high. resources and banks
to qe-3 because it won't help the economy. as far as bond yields are concerned, nudging ever close to the 5% mark in italy. we have got italy today with a bell auction. we'll get the results of that a little bit later. u.s. yields continue to fall back down lower at 1.46%. sterling/dollar is a little bit low. aussie/dollar is low. so the dollar having a good day apart from against the euro/dollar. starting to raise the gains we've made post the ecb out of the constitutional court. that's where we stand in european trade. what about in asia today? lisa has the details once again out of singapore. >> thanks, ross. the shanghai composite is not far from that all important 2,000 point mark. investors would have been much better off investing in greece instead of china. year to date stocks gained over 10% increase, but down about 9% in china on growth concerns and political uncertainties. today the shanghai composite was dragged down by resource and steel makers. property corps is down 1.2%. the hang seng physicaled suit. industrial resources and consumer goods weighed it down. the japa
under some of the strongest sanctions today. oil exports have been correct. the iranian economy has been hit hard. it does have an effect on the economy. we must face the truth. sanctions have not stopped iran's nuclear program. according to the international atomic energy agency, during the last year alone, iran has doubled the number of energy uses in its underground nuclear facility. at this late hour, there is only one way to peacefully prevent iran from getting atomic bombs, and that is by placing a clear nucleare on iran's weapons program. [applause] red lines do not lead to war. they prevent war. look at nato's charter. it made clear that an attack on one member country would be considered an attack on all. new's redlined helps keep the peace in europe for nearly half a century -- red lines have helped keep the peace in europe for nearly half a century. and help preserve the peace for decades. it is the failure to place red lines that has often invited aggression. if it were drawn in the 1930 baltimore, world war ii might the been avoided -- 1930's, world war ii might have been av
double-digit percentages. then, the splits. the market versus the economy. the u.s. falling into recession pits again. our investors and for a stock surprise? mike holland thinks so. he is the chairman of holland and company. he is spending the last hour with us. you think there is a stock surprise that is a good one coming up? >> yes. i think if you had to characterize my years doing what i am doing, it is as a survivor. you have to be prepared for surprises in both directions. whenever we talk about you and i, that things can happen, we just heard three people talking about that. the things can happen, as well. ted weisberg is so smart. so good to listen to. his comments about what is going on, i think, are always -- liz: i love teddy. he has been well funneled and it is kind of obvious, it is the government trade, the central bank trade. >> i was shocked to not hear him say that. bernanke said a few years ago we have a problem. it would not be solved by the people in congress or in the white house. he actually said, this is not a deep secret, he can get the stock market a
to be the worst month of the year historically. we know the global economy is weakening. everybody came on our air saying hey. short the global economy. this did not turn out to be such a good theory did it? right now, 2.9% for one of the best months of the year. not the best month but among the better months of the year. what were the two biggest gains we had this month? the two biggest days? september 6th? that was the day draghi announced the bond buying program. biggest gain. second biggest gain september 13th the day of the fomc meeting. what does this tell us? it tells us what matters in the world is central bank intervention and also what's going on in europe. what was the worst day this year? it was tuesday, the day we saw the riots in madrid because that's the day everybody said uh-oh. this whole deal with spain and this careful choreography moving toward help from the eu could fall apart. turns out maybe it's holding together a little better than anticipated. my point is what moves the world is central bank intervention and what's going on in europe. to play against that is very, very da
one of the fastest growing economies since south america. also one of the hottest economies in the world. for the last year and a half the country has been run by sebastian panera. he made his fortune bringing credit cards to chile in the late 1970 wrz, richard quest joining us from london. tell us about this. pretty impressive resume for panera. >> not only impressive, but, of course, made international status, hero status, when he led his country's search and rescue off the famous chilean miners last we're. tv the sight of the president constantly always being there with the families that actually moved so much of the world now it's starting to criticize the united states. specifically, quantitative easing. that's the printing of money by the federal reserve. in an exclusive interview you with me the president said that simply printing money in america will not do the trick of rescuing the u.s. economy. >> yes. can you bring money and maybe you can solve the short-term problems. you will never solve the american problem just by printing money. you need to do much more than
banks. this from the third quarter of 2010 shows a much different economy. back to you. melissa: interesting. thank you so much for the six a headline that generated all kinds of surprises. apple apologizing for it map app. the ceo tim cook says the company is doing everything it can to make maps better. you can use alternatives by downloading maps. what? melissa: that is crazy. that is like we have a problem with our signal, please go over to our competitor. lori: silence, i think says more. dennis: remember when they had the intended debacle. not admitting anything was wrong with it and people were getting more and more frustrated. lori: that is a good point. i think charlie gasparino is standing by with his latest report. inc. of america, i guess this is more interesting to charlie, at least. the bank with a 3.5 million in charges. bank of america says this is not an admission of guilt. the settlement was reached to eliminate the uncertainties. melissa: the latest news from bank of america that pain is still being felt from the collapse of 2008. charlie gasparino is first to
, this president's policies on the economy have failed and failed miserably. if he is reelected we will have four more years. now it is becoming more and more clear that his foreign policy is crumbling around the world, and is not just the middle east. people are missile defense systems out of europe to appease russians. they spend $700 billion more on defense. he has tried to appease the chinese. they are expanding their sovereignty claims a round the world. the middle east policy is crumbling around it. america needs leaders. right now the only opportunity we will have is president romney. i hope you will see that. lou: thank you for being here. >> thank you. good to be with you. lou: much more on the president's speech to the united nations general assembly straight ahead. ♪ >> president obama has the lead in almost all national polls, but his lead varies widely. why? which poll should we believe? chain in green with our report. consumer confidence sores. home prices rise. the dow jones industrials take a triple digit dice. what is behind the south of? wall street legend michael holland with
. the international economies are interlinked so this is a global crisis. >> the markets are corelated. experts say it's hard to judge the impact of one troubles on another. now americans wonder what deepening european malaise means for them. >> a grave concern for anyone who invested in the market. >> europe is important expert market in america. >> markets don't go to them. what immediately happens not just with the major employers but in the downstream, with small businesses. people get laid off, business orders go away. >> rescue plans and bail-out fund but europe has too much debt and the experts say there is it will to no way to make it disappear. as long as growth is stalled, the fix here remains illusive. the u.s. economy may be too weak to absurd the further shocks overseas and that's why the united states hope the leaders can steer their countries through us a centerty measures. and keep you were steady. bret? >> bret: amy kellogg in london. thank you. consumer spending rose half percentage point last month because gas prices were up 2%. that drove down the dow which lost 49. the s&p 500 fel
, and the stability of the global economy. it risks triggering a nuclear- arms race in the region, and the unraveling of the non- proliferation treaty. that's why a coalition of countries is holding the iranian government accountable. and that's why the united states will do what we must to prevent iran from obtaining a nuclear weapon. we know from painful experience that the path to security and prosperity does not lie outside the boundaries of international law and respect for human rights. that's why this institution was established from the rubble of conflict. that is why liberty triumphed over tyranny in the cold war. and that is the lesson of the last two decades as well. history shows that peace and progress come to those who make the right choices. nations in every part of the world have traveled this difficult path. europe, the bloodiest battlefield of the 20th century, is united, free and at peace. from brazil to south africa, from turkey to south korea, from india to indonesia, people of different races, religions, and traditions have lifted millions out of poverty, while respecting the ri
all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. i want healthy skin for life. [ female announcer ] don't just moisturize, improve the health of your skin with aveeno daily moisturizing lotion. the natural oatmeal formula goes beyond 24-hour moisture. it's clinically proven to improve your skin's health in one day, with significant improvement in 2 weeks. for healthy, beautiful skin that lasts. i found a moisturizer for life. [ female announcer ] aveeno daily moisturizing lotion. also discover daily moisturizing body wash. for healthy skin that starts in the shower. only from aveeno. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. >>> we are minding your business this morning. u.
their friends in southern europe and indeed the economy here in the united states. michelle caruso-cabrera will talk about some of the bad pigs in a minute, but first senior economics reporter steve liesman with the story of some vindicated doves. >> because the new game is called "bad piggies." that's where we're coming from. >> and we're only doing this because the producer jason gawertz made us do this. he said could we think of an app that would apply with today's data and i did. it's called vindicated doves. at least initially here, why is that? because essentially the economic data came in weak. let me show you what the economic data showed. the numbers come in you're looking for 5.6% positive -- or negative. you get minus 13.2 off a prior 3.27%. i think the dove says i don't care i had this one right. gdp took .4 off the prior print right there. midwest manufacturing down negative. p and pending home sales much changed from the prior month from positive to negative. take a look at some of the comments here. vindicated doves. anyone facing doubt about the need forred 23ed's r
of president obama and the economy. if you can't get it right, it's time to get out. >> reporter: the republican ticket is hoping their bus tour will make up lost ground in ohio as polls hoe mitt romney trailing president obama in this pivotal swing state. in dayton tuesday romney hammered mr. obama on tacks. >> i admit this one thing he did not do in his first four years, he has said he is going to do in the next four years which is to raise taxes, and is there anybody that thinks that raising taxes will help grow the economy? >> reporter: an attack over tacks is actually a change for romney, who is often accused the president of raising taxes in his first term. romney is looking to jump-start his campaign with a good performance in the first debate one week from today. the man who plays mr. obama in romney's mock debate sessions, though, tried to lower expectations playing up the president's experience. >> he has been through a lot of those one-on-one debates with a republican. mitt has not, and you think about it, he hasn't had a real debate in ten years because these republic
Search Results 0 to 31 of about 32 (some duplicates have been removed)